The Instant Group’s Merger With IWG plc’s Digital Business

In UK Macfarlanes LLP, Slaughter and May, advised on the matter.

Macfarlanes LLP advised The Instant Group with a team including Malcolm Walton (Competition Law), Stephen Drewitt (Picture – Corporate M&A), Lois Horne (Dispute Resolution), Kirstie Hutchinson (Finance), Jeremy Moncrieff (Tax M&A and Deal Advisory).

Slaughter and May advised IWG plc with a team including Laura Houston (Commercial Law), Bertrand Louveaux (Competition Law), Paul Mudie (Corporate M&A), Phil Linnard (Employment), Mike Lane (Tax M&A and Deal Advisory).

The agreement sees IWG buy the interests of existing shareholders of The Instant Group, Bowmark Capital and MML. The Instant Group’s management team will retain a significant equity stake and continue to run the business independently under the leadership of Tim Rodber (CEO) and Nick Land (Chairman).

The Instant Group and IWG will combine their digital assets, enabling the combined business to create a leading workspace marketplace for workers, corporates and workspace owners.

The enhanced marketplace will serve more than 250,000 businesses in 175 countries, operating 24/7 through an integrated platform in more than 40 languages.

The merger will create more than 25,000 workspaces and will offer a range of services to clients including membership plans, virtual offices, office booking, managed offices, and consulting capability.

The Macfarlanes team was led by corporate and M&A partner Stephen Drewitt (Picture) with assistance from senior counsel Tim Redman and solicitor Lauren Dooley.

Finance advice was provided by partner Kirstie Hutchinson alongside solicitor Owen Giles with tax expertise coming from partner Jeremy Moncrieff and senior solicitor Catherine Hill. Advice on litigation came from partner Lois Horne and real estate advice came from senior counsel Margaret Rhodes. Partner Malcolm Walton provided advice on commercial and competition aspects of the deal alongside commercial senior solicitor Rosie Duckworth, commercial solicitor Harrison Clark and competition solicitor Tilly Henderson.

Slaughter and May’s team included Paul Mudie, Partner, Estelle Candau, Associate, Meng-Yeow Lim, Associate, Angus Tyrrell, Associate, Laura Houston, Partner, Reinhardt Biermann, Associate, Calum Scott, Associate, Mike Lane, Partner, Jamshed Bilimoria, Associate, Phil Linnard, Partner, Adam Gilchrist, Associate, Chloe Sanderson, Associate, Bertrand Louveaux, Partner and William Feerick, Associate.

Involved fees earner: Harrison Clark – Macfarlanes LLP; Lauren Dooley – Macfarlanes LLP; Stephen Drewitt – Macfarlanes LLP; Rosie Duckworth – Macfarlanes LLP; Owen Giles – Macfarlanes LLP; Tilly Henderson – Macfarlanes LLP; Catherine Hill – Macfarlanes LLP; Lois Horne – Macfarlanes LLP; Kirstie Hutchinson – Macfarlanes LLP; Jeremy Moncrieff – Macfarlanes LLP; Tim Redman – Macfarlanes LLP; Margaret Rhodes – Macfarlanes LLP; Malcolm Walton – Macfarlanes LLP; Reinhardt Biermann – Slaughter and May; Jamshed Bilimoria – Slaughter and May; Estelle Candau – Slaughter and May; William Feerick – Slaughter and May; Adam Gilchrist – Slaughter and May; Laura Houston – Slaughter and May; Mike Lane – Slaughter and May; Meng-Yeow Lim – Slaughter and May; Phil Linnard – Slaughter and May; Bertrand Louveaux – Slaughter and May; Paul Mudie – Slaughter and May; Chloe Sanderson – Slaughter and May; Calum Scott – Slaughter and May; Angus Tyrrell – Slaughter and May;

Law Firms: Macfarlanes LLP; Slaughter and May;

Clients: IWG plc ; The Instant Group;

Author: Giulia Di Palma